The global compact emanates from fundamental principles of humanity and international solidarity, and seeks to operationalize the principles of burden and responsibilitysharing to better protect and assist refugees and. International standard iso 26000 guidance on social responsibility. As an institution, we understand that our own organizational practices should also serve as an example of the values and attitudes we convey to our students and other stakeholders. Fung group has always been committed to the principles of the global compact. About united nations global compact ungc 10 principles.
It also rests on the universal declaration of human rights, the international covenant on civil. Thus, we continue to be committed to unyielding integrity and high standards of business conduct in everything we do. Corporate sustainability starts with a companys value system and a principles based approach to doing business. Therefore, examples that address child labour may also provide interesting. Guided by these global initiatives, the bank also endorses a number of initiatives, voluntary guidelines and international conventions with regards to human rights and labour rights, environmental protection and corruption, as set out below. As a multistakeholder leadership initiative, it seeks to align business operations and strategies with 10 principles in the areas of human rights, labor, environment and. Guiding principles of the global compact on migration. The blueprint identifies best practices in each of these dimensions. Finally, the connectivity between the united nations global compact and.
The ilo also took active part in the preparation of the source book raising the bar. These core values make up the ten principles of the ungc. The united nations global compact ungc is a tactical strategy scheme for companies who commit to align their operational strategies to the principles outlined by the ungc whose main purpose for existence is to assist businesses in managing risks and opportunities presented to them in certain areas such as the environment, society and. The united nations global compact is a nonbinding united nations pact to encourage businesses worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. The global compact is, however, comprised of nine principles that are interdependent. This will involve building and expanding equitable, resilient and sustainable. How business schools are responding to covid19 examples from the prme community updated regularly 24 march. Through the power of collective action, the global compact seeks to mainstream these ten principles in business activities. A practical guide to the united nations global compact for. The global compact is framed consistent with target 10. Importantly, it draws on widely accepted and understood management practices, but is organized and orientated around maximizing corporate sustainability performance. We also commit to sharing this information with our customers, employees, suppliers and other stakeholders using our primary channels of communication. Nations global compact ungc principles within our group companies, as well as throughout our supply chains and among our stakeholders.
The global compact s ten principles cover the areas of human rights, labour, the environment and anticorruption. This global compact rests on the purposes and principles espoused in the charter of the united nations. We aim to operate sustainable businesses that provide useful goods and services, create decent jobs and contribute to the economic. Global compact are expected to provide an annual communication on progress cop which includes a description of the steps taken to support the global compact and embed the principles. Businesses should support and respect the protection of internationally proclaimed human. Global compact for migration international organization. The united nations global compact ungc is both a policy platform and a practical framework for companies that are committed to sustainability and responsible business practices. This means operating in ways that, at a minimum, meet fundamental responsibilities in the areas of human rights, labour, environment and anticorruption. This bibliography was generated on cite this for me on friday, august 7, 2015. Creating value with the united nations global compact, which contains tools, techniques, case studies, information and resources to help participant companies of all sizes and from all industries and regions implement the gc principles. Implementation plan for the 2030 agenda for sustainable development. United nations global compact 10 principles human rights principle 1. An analysis of corporate progress in africa and middle east 2018 key facts 64% african and middle eastern companies report that corporate responsibility policies and strategies are developed andor implemented by the chief executive officer 100 african and middle.
Principled business for any company seeking to be sustainable, it begins with operating with integrity respecting fundamental responsibilities in the areas of human rights, labour, environment and anti corruption. This is the first edition of the labour principles of the united nations global compact. Given the voluntary nature, cops are corporate responsibility is taking on a new meaning and significance. As a minimum gc active level, the global compact requires companies to include in their cop a.
Adapting to a new covid19 reality 9 tips and tools for schools part 2 of 2. The global compact s ten principles provide a universal. The united nations global compact is a strategic initiative that supports global companies whose ceos are committed to responsible business practices in the areas of human. Mainstream the ten principles in business activities around the world. Global compact and the functioning of the local networks. Unhcr quick guide unhcr september 2018 5 an important part of this support relates to the nexus between humanitarian and development action. Principles of the united nations global compact on human rights, labour, environment and anticorruption. The international labour organizations declaration on fundamental principles and rights at work. With this commitment, we express our intent to support the global compact advancing these principles, and will make a clear statement of this commitment to our stakeholders and the general public. As a lead member, we are committed to work toward implementing the blueprint for. Such a system will reward longterm, responsible investment. The united nations global compact is a strategic policy initiative that encourages businesses to support ten universal principles in the areas of human rights, labor standards, the environment.
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